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1. • $3.2 billion

     • UBS ultimately agreed to pay $3.2 billion (or 3 billion Swiss Francs) in an all-share deal, with Credit Suisse investors receiving one UBS share for every 22.48 Credit Suisse shares held, up from a $1 billion initial offer that Credit Suisse reportedly viewed as too low.
     Reference:

     UBS Buying Rival Credit Suisse In $3.2 Billion Rescue Deal

2. People also ask

   Why did UBS buy Credit Suisse?

   • UBS agreed on March 19 to buy Credit Suisse for a knockdown price of 3 billion Swiss francs and up to five billion francs in assumed losses in a rescue orchestrated by Swiss authorities with Switzerland's second-largest bank on the edge of collapse.

   UBS completes Credit Suisse takeover to become wealth ... - Reuters

   www.reuters.com/markets/europe/ubs-completes-swiss-mega-merger-gains-clout-global-wealth-player-2023-06-12/

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   How much will UBS lose from Credit Suisse?

   • Swiss taxpayers are on the hook for up to 9 billion Swiss francs ($10 billion) of losses that UBS may incur from certain Credit Suisse assets, over and above losses of 5 billion francs ($5.5 billion) that UBS has agreed to bear itself. Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy

   UBS completes Credit Suisse takeover. Here’s what it means

   www.cnn.com/2023/06/12/business/ubs-completes-credit-suisse-takeover/index.html

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   Did UBS steal Credit Suisse?

   • When UBS agreed to buy its archrival, Credit Suisse, for a little over $3 billion this spring at the Swiss government’s behest, analysts and investors said that price represented a steep discount. UBS’s latest financial results reflect just how much of a steal it was.

   UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal - The New

   www.nytimes.com/2023/08/31/business/dealbook/ubs-billion-credit-suisse-deal.html

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   Does UBS still have hurdles to overcome in absorbing Credit Suisse?

   • Meanwhile, Credit Suisse’s own results — including a pretax loss of 4.3 billion Swiss Francs ($4.9 billion) in the quarter, tied to customer withdrawals and struggles in investment banking — suggest that UBS still has big hurdles to overcome in absorbing the business.

   UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal - The New

   www.nytimes.com/2023/08/31/business/dealbook/ubs-billion-credit-suisse-deal.html

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3. www.ft.com › content › 802fa723-dc25-4d76-93a4-7ca3eUBS breaks record with $29bn profit after Credit Suisse deal

   www.ft.com › content › 802fa723-dc25-4d76-93a4-7ca3e

   Aug 31, 2023 · The $29bn accounting gain — known as negative goodwill — reflects the difference between the value of Credit Suisse’s assets on its books and the lower price UBS paid for them.

4. www.cnn.com › 2023/06/12 › businessUBS completes Credit Suisse takeover. Here’s what it means

   www.cnn.com › 2023/06/12 › business

   • Cached

   Jun 12, 2023 · UBS agreed on March 19 to buy Credit Suisse for the bargain price of 3 billion Swiss francs ($3.25 billion) in a rescue orchestrated by Swiss authorities to avert a banking sector meltdown.

   • Video Duration: 9 min

5. Videos

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     1:19

     reuters.com

     UBS completes Credit Suisse takeover to become wealth management behemoth

     Jun 12, 2023

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     2:02

     youtube.com

     UBS agrees to buy Credit Suisse for more than $3 billion

     Mar 19, 2023

     21.6K Views

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     11:49

     youtube.com

     Why Wealthy Americans Love UBS, The Secretive Swiss Banking Giant

     Jun 2, 2023

     571.5K Views

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6. www.cbc.ca › news › businessThe UBS-Credit Suisse deal, visually explained | CBC News

   www.cbc.ca › news › business

   • Cached

   Mar 20, 2023 · UBS will buy Credit Suisse for 3 billion Swiss francs (about $4.4 billion Cdn), and Credit Suisse shareholders are going to take a massive hit.

7. www.ft.com › content › 9c9d0f49-58fe-4848-9fe0-83ceHow UBS’s $3.3bn Credit Suisse deal spawned $9bn of legal claims

   www.ft.com › content › 9c9d0f49-58fe-4848-9fe0-83ce

   Oct 10, 2023 · Switzerland’s government managed to head off a spiralling European banking crisis when it orchestrated UBS’s $3.3bn takeover of Credit Suisse six months ago — but the long-term pain has only...

   • Author: Mercedes Ruehl

8. www.ft.com › content › ca733a5c-0580-4886-b983-1caf‘Deal of the century’: how UBS’s rescue of Credit Suisse ...

   www.ft.com › content › ca733a5c-0580-4886-b983-1caf

   Aug 31, 2023 · The $29bn accounting gain on the Credit Suisse takeover — known as negative goodwill, or badwill — largely reflects the fact that the price paid for Credit Suisse — $3.4bn — amounted to...

9. www.nytimes.com › 2023/08/31 › businessUBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal ...

   www.nytimes.com › 2023/08/31 › business

   Aug 31, 2023 · When UBS agreed to buy its archrival, Credit Suisse, for a little over $3 billion this spring at the Swiss government’s behest, analysts and investors said that price represented a steep...

10. www.reuters.com › markets › europeUBS completes Credit Suisse takeover to become wealth ...

    www.reuters.com › markets › europe

    Jun 12, 2023 · UBS agreed on March 19 to buy Credit Suisse for a knockdown price of 3 billion Swiss francs and up to five billion francs in assumed losses in a rescue orchestrated by Swiss authorities with...